从进化论来看，这种存在是合理的并且是必须的。
In the point of the evolution theory, this exists for reasons.
联想股价目前的市盈率接近今年盈利的15倍，与业内同行相比有较大溢价。而有关重组的初步报道未能证明这种溢价的存在是合理的。
On nearly 15 times this year's earnings, Lenovo trades at a fat premium to its peers - a gap which early accounts of restructuring fail to justify.
如果你进行长线投资，存在股权偏好是合理的，那么从长期看，股票是上涨的。
If you're investing with a long time horizon, having an equity bias makes sense, stocks go up in the long run.
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